SECTION 677.505. Indorser not guarantor for other parties.

Latest version.

1The indorsement of a tangible document of title issued by a bailee does not make the indorser liable for any default by the bailee or previous indorsers.

History.-s. 1, ch. 65-254; s. 49, ch. 2010-131.

Note

Note.-s. 7-505, U.C.C.; supersedes s. 678.47.

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Cited by Court Cases:

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